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Mitsubishi Motors Krama Yudha Indonesia
PT Mitsubishi Motors Krama Yudha Indonesia (also called MMKI) is a joint venture of Mitsubishi Motors Corporation for its passenger cars and light commercial vehicle (LCV) production in Indonesia. A separate company, called PT Mitsubishi Motors Krama Yudha Sales Indonesia (also called MMKSI) handled the marketing and sales of Mitsubishi passenger cars and LCV in Indonesia. The company was a result of restructuration in April 2017 when Mitsubishi Motors (passenger cars and LCV) operations and Mitsubishi Fuso (heavy trucks) operations were separated from the former company, PT Krama Yudha Tiga Berlian (KTB). Today, KTB exclusively handled Mitsubishi Fuso production and sales in Indonesia. In 2018, Indonesia emerged as the largest market for Mitsubishi Motors, recording 146,805 total sales. History As the Indonesian government encouraged investments in Indonesia, PT New Marwa was established as the sole distributor of Mitsubishi vehicles in 1970. In 1973, New Marwa changed thei ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Mitsubishi Galant
The Mitsubishi Galant is an automobile which was produced by Japanese manufacturer Mitsubishi from 1969 until 2012. The model name was derived from the French word ''galant'', meaning "chivalrous". There have been nine distinct generations with total cumulative sales exceeding five million units.History and profile of the Mitsubishi Galant
, Mitsubishi Motors South Africa website
It began as a sedan, but over the course of its life evolved into a . Initial production was based in Japan, but from 1994 the American market was se ...
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Bekasi Regency
Bekasi Regency (Indonesian language, Indonesian: Kabupaten Bekasi) is a Regencies of Indonesia, regency ''(kabupaten)'' of West Java Province, Indonesia. Its regency seat is in the district of Central Cikarang. It is bordered by Jakarta and by Bekasi City (which is a separate administration from the Regency) to the west, by Bogor Regency to the south, and by Karawang Regency to the east. This highly urbanised area (largely suburban to Jakarta to its west) has an area of and contained 2,630,401 people at the 2010 CensusBiro Pusat Statistik, Jakarta, 2011. and 3,113,017 at the 2020 Census, with an average density of . The official estimate as at mid 2021 was 3,157,962. The earliest evidence of the existence of Bekasi dates from the 5th century according to the Tugu inscription, which describes the name of two rivers that run through the city, i.e. Candrabhaga and Gomati and one of those rivers, i.e. Candrabhaga is the origin of the name Bekasi where the name Candrabhaga evolved into ...
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Kota Deltamas
Kota Deltamas (Delta Mas City) is an integrated industrial, commercial and residential township at Cikarang, West Java, Indonesia. The township located between Jakarta and Bandung city, which has land area of about 3000 hectares. It is being developed by Indonesian conglomerate Sinar Mas Land and Japanese Sojitz. The township has residential, commercial and industrial area, supported by other civic amenities. Residential area is about 26% of the total land area of Kota Deltamas. Administrative offices of Bekasi regency are located within the township, Industrial park The industrial estate of the township is known as Greenland International Industrial Center(GIIC), which has land area of 1500 hectares. Several global investors, such as Mitsubishi and Suzuki, have established their manufacturing facilities there. Facilities *Le Premier Hotel *Sakura Park Hotel and Residence *Sancrest serviced apartment *ITSB *Jakarta International University campus *Pangudi Luhur School *Deltamas Sp ...
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Industrial Park
An industrial park (also known as industrial estate, trading estate) is an area zoned and planned for the purpose of industrial development. An industrial park can be thought of as a more "heavyweight" version of a business park or office park, which has offices and light industry, rather than heavy industry. Industrial parks are notable for being relatively simple to build; they often feature speedily erected single-space steel sheds, occasionally in bright colours. Benefits Industrial parks are usually located on the edges of, or outside, the main residential area of a city, and are normally provided with good transportation access, including road and rail. One such example is the large number of industrial estates located along the River Thames in the Thames Gateway area of London. Industrial parks are usually located close to transport facilities, especially where more than one transport modes coincide, including highways, railroads, airports and ports. Another commo ...
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Galatama
Liga Sepak Bola Utama (English: ''Premier Football League''), commonly known by its acronym Galatama, was a semi professional football league in Indonesia, established in 1979 by the Indonesian Football Association, PSSI. Prior to the establishment of the competition, an amateur football league named Perserikatan had existed since 1931. Both Perserikatan and Galatama existed and run in parallel until 1994 when they were both merged to form a new, unified league called Liga Indonesia. History Until 1979, the Perserikatan, an amateur competition, was the only national-level competition in Indonesia. Starting in 1979, Football Association of Indonesia started a semi-professional league, named Liga Sepak Bola Utama, shortened to Galatama. Galatama is one of the pioneers of professional and semi-professional football league in Asia alongside the Hong Kong League. Throughout its history, Galatama always operated in a single-division format except for the 1982–83 and 1990 seasons, wh ...
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Krama Yudha Tiga Berlian
Krama Yudha Tiga Berlian or KTB Palembang was an Indonesian semi-professional association football club from Palembang, South Sumatra. The club was owned by the Palembang branch of Krama Yudha Tiga Berlian Motors, the local distributor of Mitsubishi Motors and Mitsubishi Fuso vehicles. History Abdul Kadir coached the Krama Yudha Tiga Berlian and helped them finish third in the 1985–86 Asian Club Championship. When Krama Yudha Tiga Berlian joined in Group A along with Al-Ahli and Kingfisher East Bengal, Krama Yudha Tiga Berlian finished second in the group stage to ensure qualification for the semi-final. In the semi-final, Krama Yudha Tiga Berlian lost 3–0 to the Daewoo Royals. In the third place playoff match, Krama Yudha defeated Al-Ittihad 1–0. The club dissolved in 1991 due to financial difficulties. The namesake company was split in 2017 where sales and production of Mitsubishi passenger cars were spun off to a new company, Mitsubishi Motors Krama Yudha Indonesia ...
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Mitsubishi Xpander
The Mitsubishi Xpander is a car manufactured by Mitsubishi Motors since 2017. It is a compact MPV with standard three-row seating and has also been prominently marketed as a " crossover MPV". The vehicle was introduced in July 2017 in Indonesia, where the vehicle is manufactured and sold as a high-volume model. Introductions in other markets started since 2018, and the vehicle is mainly sold in emerging countries in Southeast Asia along with several Latin American, African and Middle Eastern markets. It was the fourth best-selling Mitsubishi Motors model globally in 2018 and 2019, and became its third best-selling model in 2021. In late 2019, a more rugged-looking variant was introduced as the Xpander Cross. A rebadged and redesigned variant of the Xpander, with mainly different front and rear fascias, is sold by Nissan as the second-generation Livina since February 2019. Overview The vehicle design was previewed by the ''XM Concept'' that was first displayed at the 24th ...
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Cikarang
Cikarang is a town serving the seat of Bekasi Regency, West Java, Indonesia. The biggest industrial estate in Southeast Asia, Kota Jababeka is located there. Industrial area Cikarang is an area located in Kota Deltamas that includes the government of Bekasi Regency. Cikarang has contributed to the spread of industrialization from the West Cikarang (Cibitung) area to South Cikarang. The city is known for MM2100 Cikarang Barat, Kota Jababeka, Bekasi International Industrial Estate (BIIE), or the Hyundai Industrial Park; East Jakarta Industrial Park (EJIP), Delta Silicon Industrial Park, and Indonesia-China Integrated Industrial Zone (Kawasan Industri Terpadu Indonesia-China, KITIC). Many foreign companies are located in Cikarang industrial estate. Cikarang's Industrial City is supported by housing complexes scattered around the Cikarang industrial park that was built by a collection of architects and contractors under PT PP. This residential area stretches around Tambun, Cibit ...
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Toyota Avanza
The Toyota Avanza and Daihatsu Xenia are cars developed by Daihatsu and marketed by both Toyota and Daihatsu. It is a multi-purpose vehicle (MPV) and mainly sold with three-row seating. The Avanza and Xenia were developed as an entry-level MPV marketed mainly for the Indonesian and other emerging markets, and mainly produced in Indonesia by Astra Daihatsu Motor. Avanza's spiritual predecessor was the Kijang, whose model program has since been split into two different models (the other being the larger Kijang Innova) to expand Toyota's reach in the MPV sector. In addition to Indonesia, the Avanza is sold throughout Southeast Asia, Mexico, Pakistan, Nepal, Bangladesh, Sri Lanka, the Middle East, Caribbean, Egypt, South Africa and other various African countries. A rebadged version of the car was sold in China under the FAW badge until 2016. In 2021, the Avanza spawned another twin model called the Toyota Veloz, which the "Veloz" name was previously used for Avanza's flagship ...
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Mitsubishi Freeca
The Mitsubishi Freeca is a compact MPV and pickup truck designed by Mitsubishi Motors and China Motor Corporation for the Asian market, and built in Taiwan, China, the Philippines, Indonesia and Vietnam where it is known as the Mitsubishi Adventure/Kuda/Jolie. Overview The Mitsubishi Freeca was first released on 11 September 1997,"China Motor Corporation of Taiwan Launches Freeca"
Mitsubishi Motors press release, 11 September 1997
and the 50,000th Adventure was manufactured in the Philippines plant in March 2005.
Autoindustriya.com, 4 April 2006
In the Philippines, the Adventure was given major red ...
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1997 Asian Financial Crisis
The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July 1997 and raised fears of a worldwide economic meltdown due to financial contagion. However, the recovery in 1998–1999 was rapid and worries of a meltdown subsided. The crisis started in Thailand (known in Thailand as the ''Tom Yam Kung crisis''; th, วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht after the Thai government was forced to float the baht due to lack of foreign currency to support its currency peg to the U.S. dollar. Capital flight ensued almost immediately, beginning an international chain reaction. At the time, Thailand had acquired a burden of foreign debt. As the crisis spread, most of Southeast Asia and later South Korea and Japan saw slumping currencies, devalued stock markets and other asset prices, and a precipitous rise in private debt. South Korea, Indonesia and Thailand were ...
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